Launch Tech Uk Limited

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launch tech uk limited Company Information

Live

MatureSmallHigh

Company Number

01497130

Next Accounts

Jul 2025

Industry

Other retail sale not in stores, stalls or markets

Directors

David Reddaway-Richards

Shareholders

david john richards

Group Structure

View All

Contact

Registered Address

22 the square, the millfields, plymouth, devon, PL1 3JX

Website

www.launchtech.co.uk

launch tech uk limited Estimated Valuation

£8.9m

Pomanda estimates the enterprise value of LAUNCH TECH UK LIMITED at £8.9m based on Net Assets of £3m and 2.93x industry multiple (adjusted for liquidity).

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Launch Tech Uk Limited is a live company located in plymouth, PL1 3JX with a Companies House number of 01497130. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in May 1980, it's largest shareholder is david john richards with a 100% stake. Launch Tech Uk Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with high growth in recent years.

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Pomanda's financial health check has awarded Launch Tech Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £4.4m, make it larger than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (8.2%)

EXPORT

Launch Tech Uk Limited's latest turnover from October 2023 is estimated at £4.4 million and the company has net assets of £3 million. According to their latest financial statements, Launch Tech Uk Limited has 7 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	4,406,041	2,680,288	1,590,209	2,170,062	2,443,493	2,420,056	2,308,756	4,290,995	2,861,894	4,058,041	2,834,856	2,612,489	2,822,877	4,498,709	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,985,421	1,833,896	1,106,626	1,473,864	1,627,937	1,614,859	1,510,195	2,763,997	1,892,577	2,702,940	1,910,191	1,748,985	1,834,598	2,950,211	0
Gross Profit	1,420,620	846,393	483,583	696,198	815,556	805,197	798,561	1,526,998	969,317	1,355,101	924,665	863,504	988,280	1,548,498	0
Admin Expenses	752,718	754,388	50,180	767,845	484,021	510,630	560,525	1,103,018	741,348	1,134,443	906,169	933,546	896,916	1,345,263	-678,779
Operating Profit	667,902	92,005	433,403	-71,647	331,535	294,567	238,036	423,980	227,969	220,658	18,496	-70,042	91,364	203,235	678,779
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	85,214	33,930	1,384	1,202	8,082	7,812	2,419	2,059	2,831	1,503	1,067	1,586	1,878	1,510	681
Pre-Tax Profit	753,116	125,935	434,786	-70,445	339,617	302,379	240,454	426,039	230,800	222,161	19,564	-68,456	93,242	204,744	679,460
Tax	-188,279	-23,928	-82,609	0	-64,527	-57,452	-45,686	-85,208	-46,160	-46,654	-4,500	0	-24,243	-57,328	-190,249
Profit After Tax	564,837	102,007	352,177	-70,445	275,090	244,927	194,768	340,831	184,640	175,507	15,064	-68,456	68,999	147,416	489,211
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	564,837	102,007	352,177	-70,445	275,090	244,927	194,768	340,831	184,640	175,507	15,064	-68,456	68,999	147,416	489,211
Employee Costs	250,613	234,609	264,439	241,400	258,227	261,608	228,579	627,350	402,973	533,514	415,968	366,932	421,705	723,937	0
Number Of Employees	7	7	8	8	8	8	8	20	12	17	13	12	14	25	0
EBITDA*	684,946	104,681	444,866	-54,844	349,568	315,110	256,975	436,256	235,923	227,855	50,382	-38,117	123,244	234,238	688,210

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	182,066	49,281	40,589	31,203	46,256	48,417	58,074	73,738	52,893	19,754	19,467	26,449	30,396	19,851	17,177
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	24,579	49,158	73,736	0
Investments & Other	87,799	99,888	99,478	98,370	86,281	86,281	86,281	86,281	86,281	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	269,865	149,169	140,067	129,573	132,537	134,698	144,355	160,019	139,174	19,754	19,467	51,028	79,554	93,587	17,177
Stock & work in progress	665,372	341,000	304,730	246,099	443,911	455,365	172,913	180,651	193,825	94,215	136,060	61,757	21,235	21,429	24,091
Trade Debtors	849,155	487,603	314,807	383,146	533,006	455,487	475,683	773,244	426,738	711,887	476,639	450,536	465,305	704,881	541,730
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	323,873	349,371	349,427	350,431	262,416	280,289	343,322	198,547	0	0	138,213	131,091	115,989	110,055	0
Cash	1,697,747	1,548,500	1,467,492	1,300,152	1,102,993	1,052,255	1,031,057	903,812	743,552	388,864	212,243	214,680	419,874	331,478	272,465
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,536,147	2,726,474	2,436,456	2,279,828	2,342,326	2,243,396	2,022,975	2,056,254	1,364,115	1,194,966	963,155	858,064	1,022,403	1,167,843	838,286
total assets	3,806,012	2,875,643	2,576,523	2,409,401	2,474,863	2,378,094	2,167,330	2,216,273	1,503,289	1,214,720	982,622	909,092	1,101,957	1,261,430	855,463
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	359,310	306,771	103,825	278,430	190,909	324,089	317,310	429,702	480,229	383,531	327,324	265,496	274,236	623,685	339,476
Group/Directors Accounts	0	0	0	0	0	4,141	31,538	62,517	0	0	0	0	110,212	0	26,676
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	421,127	108,134	113,967	124,417	206,955	247,955	259,368	355,994	0	0	0	0	0	0	0
total current liabilities	780,437	414,905	217,792	402,847	397,864	576,185	608,216	848,213	480,229	383,531	327,324	265,496	384,448	623,685	366,152
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	3,508	8,105	0	0
provisions	8,902	8,902	8,902	8,902	8,902	8,902	11,034	14,748	10,579	3,348	2,964	2,818	3,678	1,018	0
total long term liabilities	8,902	8,902	8,902	8,902	8,902	8,902	11,034	14,748	10,579	3,348	2,964	6,326	11,783	1,018	0
total liabilities	789,339	423,807	226,694	411,749	406,766	585,087	619,250	862,961	490,808	386,879	330,288	271,822	396,231	624,703	366,152
net assets	3,016,673	2,451,836	2,349,829	1,997,652	2,068,097	1,793,007	1,548,080	1,353,312	1,012,481	827,841	652,334	637,270	705,726	636,727	489,311
total shareholders funds	3,016,673	2,451,836	2,349,829	1,997,652	2,068,097	1,793,007	1,548,080	1,353,312	1,012,481	827,841	652,334	637,270	705,726	636,727	489,311

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	667,902	92,005	433,403	-71,647	331,535	294,567	238,036	423,980	227,969	220,658	18,496	-70,042	91,364	203,235	678,779
Depreciation	17,044	12,676	11,463	16,803	18,033	20,543	18,939	12,276	7,954	7,197	7,307	7,346	7,302	6,424	9,431
Amortisation	0	0	0	0	0	0	0	0	0	0	24,579	24,579	24,578	24,579	0
Tax	-188,279	-23,928	-82,609	0	-64,527	-57,452	-45,686	-85,208	-46,160	-46,654	-4,500	0	-24,243	-57,328	-190,249
Stock	324,372	36,270	58,631	-197,812	-11,454	282,452	-7,738	-13,174	99,610	-41,845	74,303	40,522	-194	-2,662	24,091
Debtors	336,054	172,740	-69,343	-61,845	59,646	-83,229	-152,786	545,053	-285,149	97,035	33,225	333	-233,642	273,206	541,730
Creditors	52,539	202,946	-174,605	87,521	-133,180	6,779	-112,392	-50,527	96,698	56,207	61,828	-8,740	-349,449	284,209	339,476
Accruals and Deferred Income	312,993	-5,833	-10,450	-82,538	-41,000	-11,413	-96,626	355,994	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-2,132	-3,714	4,169	7,231	384	146	-860	2,660	1,018	0
Cash flow from operations	201,773	68,856	187,914	209,796	62,669	51,669	159,081	128,805	479,231	182,602	328	-88,572	-13,952	191,593	271,616
Investing Activities
capital expenditure	-149,829	-21,368	-20,849	-1,750	-15,872	-10,886	-3,275	-33,121	-41,093	-7,484	-325	-3,399	-17,847	-107,413	-26,608
Change in Investments	-12,089	410	1,108	12,089	0	0	0	0	86,281	0	0	0	0	0	0
cash flow from investments	-137,740	-21,778	-21,957	-13,839	-15,872	-10,886	-3,275	-33,121	-127,374	-7,484	-325	-3,399	-17,847	-107,413	-26,608
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-4,141	-27,397	-30,979	62,517	0	0	0	-110,212	110,212	-26,676	26,676
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-3,508	-4,597	8,105	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	85,214	33,930	1,384	1,202	8,082	7,812	2,419	2,059	2,831	1,503	1,067	1,586	1,878	1,510	681
cash flow from financing	85,214	33,930	1,384	1,202	3,941	-19,585	-28,560	64,576	2,831	1,503	-2,441	-113,223	120,195	-25,166	27,457
cash and cash equivalents
cash	149,247	81,008	167,340	197,159	50,738	21,198	127,245	160,260	354,688	176,621	-2,437	-205,194	88,396	59,013	272,465
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	149,247	81,008	167,340	197,159	50,738	21,198	127,245	160,260	354,688	176,621	-2,437	-205,194	88,396	59,013	272,465

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LAUNCH TECH UK LIMITED group structure

Launch Tech Uk Limited has no subsidiary companies.

Ultimate parent company

LAUNCH TECH UK LIMITED

01497130

LAUNCH TECH UK LIMITED Shareholders

david john richards

100%

Launch Tech Uk Limited currently has 1 director, Mr David Reddaway-Richards serving since Jul 1991.

officer	country	age	start	end	role
Mr David Reddaway-Richards		72 years	Jul 1991	-	Director

P&L

October 2023

turnover

4.4m

+64%

operating profit

667.9k

gross margin

32.3%

+2.1%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

October 2023

net assets

+0.23%

total assets

3.8m

+0.32%

cash

1.7m

+0.1%

net assets

Total assets minus all liabilities

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company number

01497130

Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

May 1980

ultimate parent company

None

previous names

reddaway developers limited (September 2003)

d.j. automatics (penryn) limited (April 1989)

address

22 the square, the millfields, plymouth, devon, PL1 3JX

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launch tech uk limited Company Information

launch tech uk limited Estimated Valuation

launch tech uk limited Estimated Valuation

launch tech uk limited Estimated Valuation

Launch Tech Uk Limited Overview

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